Hortonworks: Back to the source

hortonworks

Competition is on the way and Red Hat’s success will be a hard act to follow

Club Med: happy hour

Shareholders bask in sunshine but bidding wars, like vacations, can go on too long

In Putin’s Russia, risk takes you

If the country is officially a creditor to the rest of the world, what’s the problem?

Tesco & Carrefour: no place like home

International divestments should be on the table

Best of Lex: You can’t kill the S&P, can you?

USA! USA! Or maybe not

Oracle: a chance of cloud

The tech group finally shows growth in this area, however long it has taken

IAG and Aer Lingus: luck of the Irish

Even if it offers a chunky premium, IAG might struggle to get the deal over the line

Couche-Tard: marriage of convenience

Dealmaking rules in sector where profit margin is below 5%

BALASORE, INDIA - APRIL 11: Gujarat chief Minister and BJP prime ministerial candidate for Lok Sabha election Narendra Modi during a Bharat Bijay Samabesha rally, on April 11, 2014 in Balasore, India. Modi said, I will transform Odisha like I have changed Gujarat. (Photo by Arabinda Mahapatra/Hindustan Times via Getty Images)

Emerging markets: view to a killing

Spectre could find financial succour in India, Mexico or Taiwan

Sony: hackwork

‘The Interview’ is economically trivial to Sony; the reputation of its film business is not

  • BYD: latest to crash

    Chinese local brands are having a tough time. Bad timing for Daimler joint venture partner BAIC (which also has a joint venture with Hyundai Motor of Korea as well as its own in house developed brands) which will list on Friday. Just two days after Chinese automaker Geely announced a profit warning, sending its stock tumbling nearly one fifth, electric car maker BYD is the latest to take a dive. BYD, in which highly regarded investor Warren Buffett has a 10 per cent stake, fell by nearly one half in afternoon trading in Hong Kong. Volumes by the 4pm close were nearly 40 times the prior day’s fifteen day moving average. There has been no news or announcement explaining the fall.

    BYD has had a troubled few years, delivering losses in seven out of the past ten quarters. Estimates for 2015 are for the company to deliver earnings per share of Rmb0.76 – just shy of the Rmb0.81 eps made in 2007, and well below the Rmb1.77 achieved in the 2009 peak. Up until today’s fall, it was trading at around 40 times next year’s earnings estimates based on the hoped-for recovery.

  • US Stocks – as safe as they seem?

    Europe and Japan are fighting deflation, emerging markets look wobbly and political risk is everywhere. Bond yields are minuscule. The default solution - buy big cap US stocks. How could this trade go wrong? Join the discussion at midday (London time).

  • Lending Club joins public equity market

    Lending Club may be the most intriguing company to reach the public markets in years. Is it a financial institution? Is it tech company that is going to challenge the banking sector? Is it just a nifty website that is going to be copycatted by everyone who sees the opportunity in "peer-to-peer", excuse me, "marketplace" lending? Or will Uber just buy Lending Club and deliver the cash in the back of its sedans? We'll discuss here starting at 9am NY time, 2pm GMT.

  • Tesco: trouble at the tills

    Profit warnings come in threes? Not at Tesco. The UK based retailer has issued a fourth warning, sending the shares down another tenth. At some point they will bottom out, and anyone brave enough to have bought the shares at the right time will make enough money to start shopping at Waitrose. But is now that time? Join in the discussion, starting at midday UK time.

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